The MacAdam/Cage Chapter 7 bankruptcy case has come to an abrupt end, due to the complete lack of assets. In a letter sent to creditors by the attorney assisting Northern California bankruptcy court trustee E. Lynn Schoenmann, the three-month-old bankruptcy (which we first reported on in January) is over as the trustee “determined that there are no realizable assets to be cost-effectively liquidated for creditors in this case and therefore the Debtor’s bankruptcy case is being closed.” The letter added that “because of the closing of the case and the numerous inquiries we have received, we will not be responding […]
